Alphabet Eyes $23 Billion Acquisition of Cybersecurity Firm Wiz

Alphabet, Google's parent company, is reportedly in advanced talks to acquire cybersecurity firm Wiz for approximately $23 billion, marking its largest acquisition to date. Sources familiar with the matter revealed that the deal, largely cash-backed, is expected to finalize soon.

Founded in Israel and headquartered in New York, Wiz is a rapidly expanding software company known for its AI-driven cloud-based cybersecurity solutions. These include real-time threat detection and response capabilities.

The potential acquisition by Alphabet stands out amidst increasing regulatory scrutiny of large tech deals in the Biden administration era. Wiz, valued at $12 billion with $350 million in 2023 sales, serves 40% of Fortune 100 companies. Alphabet and Wiz have not yet commented on the reports.